Guarantees of origin specify the energy source from which electricity is produced. They serve to enable users of electricity to support the production of energy with renewable sources within the definition of the EU directive 2009/28/EC.

Landsvirkjun is involved in various social projects and follows a policy of providing grants to good causes. The company has supported a number of causes, including various charities, cultural and educational projects and sports and leisure activities.

Landsvirkjun has erected it's first wind turbine in an area known as "Hafið" near Búrfell Power Station. Thanks to rapid technological development wind energy is fast becoming a viable option when it comes to environmentally friendly power.

Executive Board

CEO Hordur Arnarson, Ph.D

Hordur Arnarson completed his electrical engineering studies at the University of Iceland in 1986 and went on to obtain a doctorate from the Technical University of Denmark, in Copenhagen four years later, in 1990. Hordur began working for the food processing developer Marel in 1985 and became CEO in 1999, a position he held for ten years. He was then appointed Managing Director at the Sjóvá insurance company, leading the restructure of the organisation.

Corporate Office

Ragna Árnadóttir, Deputy CEO

RoleTo oversee the Company’s joint matters of concern and policy formulation, as well as to ensure professional management practices. Support divisions handling Landsvirkjun’s joint matters are located in the Corporate Office.

Energy Division

Einar Mathiesen, Executive Vice President

RoleTo ensure that electricity generation and delivery is secure and efficient and fulfills the terms of the agreements signed with Landsvirkjun’s customers.

Marketing and Business Development Division

Birna Ósk Einarsdóttir

RoleTo maximise Landsvirkjun’s long-term profit potential, through the innovative and effective promotion and sale of products and services, within the national and international energy sector.

Research and Development Division

Óli Grétar Blöndal Sveinsson, Executive Vice President

RoleTo manage the preparation of new power projects and to conduct research on the existing power systems. We ensure the efficient implementation of new power projects, increase the flexibility of energy production options and support innovation in energy production with a long-term view of future energy supplies.

Project Planning and Construction Division

Gunnar G. Tomasson, Executive Vice President

RoleTo oversee Landsvirkjun’s power station projects from the preparation stage to their completion. We monitor the costs and safeguard the quality and progress of the various projects, keeping them in accordance with the expectations, plans and needs outlined by the company.

Finance Division

Rafnar Lárusson, Executive Vice President

RoleTo create a foundation for efficient operations and to promote maximum results in all units of the Landsvirkjun Group.